European shares dive as Brexit sparks uncertainty

European shares slumped further on Monday weighed down by uncertainty over Britain’s EU exit and ignoring reassurances by Britain’s finance minister George Osborne that the UK economy was fundamentally strong. In mid-day trading, London’s benchmark FTSE 100 index of blue-chip companies fell 1.4 percent, compared with Friday’s closing level. Frankfurt’s DAX 30 index dipped 1.5 percent and the CAC 40 in Paris shed 1.36 percent. Shares in banks, airlines and property companies plunged on the London stock exchange as investors singled out the three sectors as being the most vulnerable to Britain’s decision to leave the EU.